Discovery Holding Company

Discovery Holding Company

Company type	Holding Company
Industry	Broadcasting & Cable TV
Predecessor	Liberty Media
Founded	2005; 19 years ago (2005)
Defunct	September 18, 2008; 15 years ago (2008-09-18)
Fate	Merged operations with Discovery Communications, LLC and Advance/Newhouse Communications
Successor	Discovery Communications Warner Bros. Discovery
Headquarters	Principal executive offices located at Meridian, Colorado
Key people	John C. Malone, CEO & Chairman Robert R. Bennett, President and Director
Products	Holding Company focused on media
Revenue	US$6,497 million[1]
Number of employees	3,800, essentially all with subsidiaries
Website	discoveryholding.com (archived)

Discovery Holding Company was an American company headquartered in Meridian, Colorado. The postal designation of nearby Englewood was commonly listed as the company's location in corporate filings and news accounts.

The company used to hold a 66-2/3% ownership stake in Discovery Communications, LLC, and operated Ascent Media and AccentHealth, LLC. On September 17, 2008, Discovery Holdings divested its interest in Ascent Media, and reorganized its remaining businesses around a new publicly traded holding company, Discovery Communications, Inc.

Corporate governance

Members of the board of directors of Discovery Holding included: John C. Malone and Robert R. Bennett. Former CEO John C. Malone is also the chairman of Liberty Media Corporation from which Discovery Holding Company was spun off in 2005.

Financials

Source: SEC filings

• Cash and cash equivalents at March 31, 2007: $150M USD [1]
• Total shareholders’ equity at March 31, 2007: $4,570M USD [2]
• Revenue for 2006: $688M USD [3]
• Net earnings for 2006: -$28M USD [4]

Holdings

Discovery Holding owned the following subsidiary companies until the corporate restructuring completed on September 17, 2008.

• Ascent Media
• 66-2/3% of Discovery Communications, LLC. [5]

Spin-off and restructuring

On December 13, 2007, Discovery Holdings announced a restructuring plan. The company planned to spin off its interest in Ascent Media, and combine Discovery Communications with Advance/Newhouse Communications into a new holding company [6]. The reorganization was completed on September 17, 2008.

References

External links

• [7]^{[permanent dead link]} - Form 8-K for Discovery Communications, Inc.: Completion of Acquisition or Disposition of Assets, Changes in Reg
• [8] - SEC Information statement on Discovery Holding Company, Inc.
• Yahoo! - Discovery Holding Inc. Company Profile